Seatrade Maritime News: Europe’s shift from Russian oil creating ‘massive stimulus’ for tankers

According to New York broker, Poten & Partners, the tonne-mile demand generated by European imports rose by 32% as a result of reducing Russian imports from 2.5m barrels per day (bpd) to 2m. “Finding alternative sources of supply for another 2m bpd will provide another massive stimulus to tonne-mile demand and tanker rates,” the broker declared.

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